PANews reported on August 11th that The Block reported that the Uniswap Foundation proposed establishing a Wyoming " DUNA " legal entity for its DAO governance organization to meet compliance and tax requirements. The foundation also plans to allocate $ 16.5 million worth of UNI to settle past tax and legal defense budgets. This move will pave the way for the Uniswap protocol to activate its fee mechanism, with a portion of limited partner fees flowing into the DAO treasury. The new entity will not alter the Uniswap protocol, token, or governance structure, and fee revenue will not be directly distributed to UNI holders. Cowrie Advisors will serve as the administrator of DUNI .